Today’s Black Market Exchange Rate for USD to Naira [NGN]

Current Dollar to Naira Exchange Rate: Black Market (Aboki Dollar Rate) for Today, November 15, 2024

As of Friday, November 15, 2024, the exchange rate for the US dollar to Nigerian naira at the Lagos Parallel Market (commonly referred to as the black market) sees the buying rate at N1,735 and the selling rate at N1,740, according to sources within the Bureau de Change (BDC) community.

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market for foreign exchange transactions. In its efforts to regulate forex exchange, the CBN has consistently advised individuals wishing to engage in currency exchange to approach their respective commercial banks for transactions.

Dollar to Naira Black Market Rates (November 15, 2024):

• Buying Rate: N1,735
• Selling Rate: N1,740

Central Bank of Nigeria (CBN) Official Rates for USD to Naira:

• Buying Rate: N1,657
• Selling Rate: N1,658

Please be aware that the actual exchange rates you experience may vary slightly from the figures provided here, as the rates in the forex market fluctuate based on supply and demand dynamics. These rates are often subject to change throughout the day, and you may encounter different rates when engaging in a transaction.